Monday, August 22, 2011

Market Report: Crestdale Crossing Matthews, NC. August 2011

Crestdale Crossing is a quaint 110 single family home subdivision located in Matthews, NC. 28105 just outside of the center of town. This quiet community was built in 2002-2003. It's families location to the highways, great schools and family like atmosphere make it a popular destination among families and empty of.

Below are the market trends for Crestdale Crossing for the past three years. This will give you a good idea of how the housing has trended in there. These numbers are from August 1st through July 31st.

3 years ago there was 3 homes that sold for an average sale price of $109,333. They were on the market for an average of 13 days.

2 years ago there were 5 homes that sold for an average sale price of $119,550. they were on the market for an average of 67 days.

Last year there was 5 homes that sold for an average of $100,700. They were on the market for an average of 71 days.

Currently there are two homes actively on the market right now for an average asking price of $87,375 and they ahve been on the market for an average of 111 days. There is also 2 additional homes under contract.

Based on the average trend of homes that have sold; Crestdale Crossing is a stabilized neighborhood that favors neither the seller or the buyer. In a perfect balanced market there is a 6 month supply of homes. Based on the trend the past 2 years it looks like Crestdale crossing is at a position where it neither favors the buyer or the seller currently......

Dave diCecco
Realtor/Broker
www.davedicecco.com

No comments:

Post a Comment